Vanguard said two of its developed market international ETFs tracking European and Pacific stocks will transition from MSCI indices to FTSE benchmarks on Wednesday.
Vanguard MSCI Europe ETF will become Vanguard FTSE Europe ETF (NYSEArca: VGK), and Vanguard MSCI Pacific ETF will become Vanguard FTSE Pacific ETF (NYSEArca: VPL), the asset manager said.
In October 2012, Vanguard announced plans to change the tracking indices for many of its index funds and ETFs. The Valley Forge, Penn.-based firm said the move would affect 22 index funds, including ETFs.
The asset manager said it planned to transition six international stock index funds to FTSE benchmarks and 16 U.S. stock and balanced index funds to new benchmarks developed by the University of Chicago’s Center for Research in Security Prices (CRSP).